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PiggyVest, West Africa's Pioneer in Online Savings and Investment
PiggyVest is a Nigerian fintech company transforming how people save, invest, and manage their money. The company was co-founded by Somto Ifezue (CEO), Odunayo Eweniyi (COO), and Joshua Chibueze (Chief Marketing Officer), who launched the platform in 2016 as Piggybank.ng before rebranding to PiggyVest in 2019. As West Africa’s first online savings and investment platform, PiggyVest enables users to automate savings, invest in curated opportunities, and build long-term financi
Spotlight In Africa
3 days ago1 min read
How Nigeria's Powerstove is Reinventing Clean Cooking
Powerstove is a Nigerian clean-energy company tackling one of Africa’s most persistent challenges: access to safe, affordable, and environmentally sustainable cooking solutions. Founded by Okey Esse, the company developed a patented smart cookstove that converts the heat generated during cooking into usable electricity. This innovation allows households not only to cook more efficiently but also to charge phones, power lights, and run small devices—addressing both energy pove
Spotlight In Africa
3 days ago1 min read
Africa Moves Up the Cocoa Value Chain
Africa produces around 70-75% of the world’s cocoa, yet captures only a fraction of the value generated by the global chocolate industry. Now, four of the continent’s largest producers—Nigeria, Ghana, Côte d’Ivoire, and Cameroon—are seeking to change that. At the 2026 Cocoa Value Addition Summit in Abuja, the countries signed the Abuja Declaration, establishing the Cocoa Value Addition Alliance to shift Africa from exporting raw cocoa beans toward processing, manufacturing, a
Spotlight In Africa
3 days ago1 min read
Nigeria's Stock Market Just Became the World's Best-Performing Equity Market
Nigeria’s stock market has become the world’s best-performing equity market in dollar terms in 2026, delivering a remarkable 67% return and outperforming 91 other exchanges. The rally marks a dramatic turnaround for a market long weighed down by currency instability and foreign exchange shortages, with a stronger naira and renewed investor confidence helping attract capital back into Africa’s largest economy. The resurgence has been fuelled by improving foreign exchange liqui
Spotlight In Africa
3 days ago1 min read
Africa's Strategic Push To Build Its Own Fertiliser Industry
Africa’s push to build more resilient supply chains is increasingly extending beyond energy and into fertiliser—a critical input for food production that has become vulnerable to the same geopolitical risks affecting global oil markets. The Strait of Hormuz, through which a significant share of the world’s oil, natural gas, and petrochemical products pass, is also a key artery for fertiliser inputs. As tensions in the Middle East disrupt trade flows and raise costs, African g
Spotlight In Africa
3 days ago2 min read
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